• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Wind droughts
  • 2 days "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 2 days GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 1 day "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 1 day Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 8 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 1 day The Federal Reserve and Money...Aspects which are not widely known
  • 5 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 1 day "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 1 day "Dodgy Demand Data? The Oil Price Collapse Conspiracy" by Alex Kimani
  • 8 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 9 days Goldman Betting on Cryptocurrencies
  • 12 days Сryptocurrency predictions
What Will Cash Flow Look Like For Big Oil Next Year?

What Will Cash Flow Look Like For Big Oil Next Year?

Big oil has generated eye-watering…

When Will Geothermal Energy Go Mainstream?

When Will Geothermal Energy Go Mainstream?

In November, the automaker Renault…

Germany Restarts Oil-Fired Power Plants As It Seeks To Save Gas

The utility in the large German city of Munich has restarted two power plants running on oil in a bid to save natural gas amid very low and highly uncertain deliveries of Russian gas ahead of the winter.

Munich’s utility Stadtwerke München wrote in an email to Bloomberg on Monday, “We reactivated oil burners in two heating plants that have previously been shut down.” The utility did not specify what type of oil is being used in the plants now.

Stadtwerke München has already reduced the temperatures at outdoor and indoor swimming pools and is closing saunas at the pools as of August 1 and until further notice, after gas supply from Russia to Germany via Nord Stream was further cut last week to 20% of the pipeline’s capacity.

Germany is also resurrecting coal-fired power plants and will rely more on electricity generation from coal to conserve gas and fill its gas storage by winter, its Economy Minister Robert Habeck said after Russia first slashed supply to Germany via Nord Stream in the middle of June. 

In recent days, Germany has also been debating whether to end nuclear power generation at the end of 2022, as planned, in light of the gas crisis. Germany has three remaining nuclear power plants operating, and they should be shut by the end of this year under a plan the country adopted to stop the use of nuclear energy following the Fukushima disaster.

At the end of July, Germany’s Chancellor Olaf Scholz signaled the government could be inclined to reconsider extending the operational life of the nuclear power plants. However, such a move could be difficult because many parties, including the Greens that are part of the coalition government, firmly oppose extending nuclear power generation beyond 2022.

Meanwhile, Berlin and other major cities in Germany have started turning off the spotlights on historical monuments and municipal buildings in an effort to conserve energy ahead of winter.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News